SpotDraft is an AI-native contract lifecycle management (CLM) platform built for in-house legal and business teams. Founded in 2017 by Shashank Bijapur and Madhav Bhagat, it handles the full contracting journey - drafting, negotiation, AI-assisted redlining, e-signatures, and an intelligent repository - so legal teams can move faster without giving up control. With its VerifAI Microsoft Word plug-in and a broader 'Legal OS' vision, SpotDraft serves 450+ organizations and is used by growth-stage and enterprise companies to cut contract busywork and surface risk automatically.
Aavenir is a Texas-based enterprise software company that builds AI-powered source-to-pay and contract lifecycle management (CLM) applications natively on the ServiceNow platform. Founded in 2019 by Jesal Mehta, the company uses AI agents, machine learning, and natural language processing to automate contracting, sourcing, invoicing, vendor onboarding, and obligation management so procurement, legal, and finance teams can cut cycle times, reduce risk, and gain end-to-end visibility across the vendor and contract lifecycle.